Kirloskar Oil Engines Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kirloskar Oil Engines (KOEL) delivered a strong Q2 FY26. Standalone net sales hit a record INR 1,593 Cr (+35% YoY), driving net profit to INR 141 Cr (+44% YoY). Consolidated net sales reached INR 1,948 Cr (+30% YoY), with net profit at INR 159 Cr (+51% YoY). EBITDA margin expanded to 13.4%.

Power Generation sales grew 41%, with Industrial up 40%, benefiting from defense and railways. High-horsepower engines are gaining traction in infrastructure and real estate. International sales, especially in MENA, showed robust growth. The B2C business was reorganized into Fluid Dynamics for improved focus and efficiency. Arka, the NBFC, is successfully pivoting to retail lending, with AUM at INR 140 Cr. Management remains optimistic about continued demand and strategic growth initiatives.